Aid Effectiveness: A Survey of the Recent Empirical Literature

Tsidi Tsikata

No 1998/001, IMF Policy Discussion Papers from International Monetary Fund

Abstract: The preponderance of evidence from the empirical literature on aid effectiveness suggests that development aid has not had a significant impact on growth in recipient countries. However, there is some evidence that aid has had positive effects when the policy environment has been conducive to growth. Regarding the relationship between aid and the main channels through which its impact on growth could flow—investment and domestic saving—the evidence is mixed, with some indication that aid has had a positive impact where adjustment efforts have been sustained.

Keywords: PDP; country; policy; government; government policy; recipient country; Foreign Aid; Growth; policy environment; elitist regime; recipient government; egalitarian regime model; policy reform; country size; policy orientation; Domestic savings; Aid flows; Public investment spending; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 32
Date: 1998-03-01
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Citations: View citations in EconPapers (12)

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